CAD: Resurgence in export activity should propel Q1 growth to 2.7% - TDS

Research Team at TDS, suggests that the Canadian economy appears to have bounced back in Q1 following a weak finish to 2015.

Key Quotes

“A resurgence in export activity should help to propel Q1 growth to 2.7%, though consumer spending will also contribute with quarterly performance of 2.2%. The handoff to Q2 should be rather weak with March's industry-level GDP set to decline by 0.1% while the wildfires in Alberta will provide further downside risks before bouncing back in Q3.”